In 2018, Ara Hovnanian earned $5.41M in total compensation at Hovnanian Enterprises, Inc., including $1.23M salary, $3.00M bonus and $720.70K in stock. Most recently sold 877 shares in Sep 2024. Currently holds stock worth $7.61M. Has donated $19.94M in stock to charitable causes. Led Hovnanian Enterprises, Inc. as CEO for 13 years.
Compensation History
Annual executive compensation data for Ara Hovnanian, including salary, bonuses, and stock awards.
Year
2018
Total Compensation
$5.41M
Salary
$1.23M
Bonus
$3.00M
Other
$459.34K
Salary
$1.23MBoard Justification
The compensation philosophy emphasizes performance-based pay to align the interests of executives with those of shareholders, focusing on long-term value creation and retention strategies.
Bonus
$3.00MBoard Justification
The annual bonus was based on achieving targeted levels of Company EBIT, liquidity balances, total revenue, and alternative capital raises for fiscal 2018.
Other Compensation
$459.34KBoard Justification
Other compensation includes contributions to the executive deferred compensation plan and other benefits.
Restricted Stock
Board Justification
The stock awards that vested in 2018 included shares from MSU and LTIP awards, totaling 353,970 shares.
Performance Metrics
The performance metrics for determining the CEO's compensation included EBIT, liquidity balances, total revenue, and alternative capital raises.
Ara Hovnanian
Founder and Ex-CEO of Hovnanian Enterprises, Inc.
Education
B.S. in Business Administration from the University of Maryland
Field of Expertise
Business & Management
Sector of Economy
Consumer Cyclical
Born
December 21, 1964 - 60 years ago
CEO of Hovnanian Enterprises, Inc. for
13 years 5 months (Jan 2005 - Jun 2018)
Previous Experience
Founder of Hovnanian Enterprises, Inc.
Other Hovnanian Enterprises, Inc. CEOs
Holdings
Track Ara Hovnanian's stock holdings and portfolio value over time.
Total Stock Sold
$62.18M
$62.18M
604,389.72 HOV shares
What if they kept their stock?
If Ara Hovnanian didn't sell their stock, today they would have:
Extra HOV604,389.72 shares worth $62.65M.
This is 0.76% and $470.07K more than what they got when they sold the stock.
Charitable Transactions
192,336.76 shares
HOV
Recent Charitable Transactions
28,544 shares
HOV
Oct 29, 2021
Charity
123,005 shares
HOV
Apr 30, 2019
Charity
3,845 shares
HOV
Oct 31, 2014
Charity
970,849 shares
HOV
Dec 18, 2012
Charity
45,000 shares
HOV
Jan 1, 2012
Charity
Insider Trading
Ara Hovnanian's recent stock transactions, purchases, and sales filed with the SEC.
$178.27K
HOV at $203.27/share
Sep 27, 2024
Sale
$27.08K
HOV at $220.13/share
Sep 23, 2024
Sale
$3.88M
HOV at $215.80/share
Sep 16, 2024
Sale
$2.01M
HOV at $219.84/share
Aug 29, 2024
Sale
$144.03K
HOV at $223.65/share
Aug 27, 2024
Sale
$4.64M
HOV at $231.88/share
Aug 23, 2024
Sale
$2.15M
HOV at $153.32/share
Jul 11, 2024
Sale
$3.98M
HOV at $141.82/share
Jun 26, 2024
Sale
$667.52K
HOV at $146.77/share
Jun 24, 2024
Sale
$1.14M
HOV at $154.78/share
Jun 17, 2024
Sale
Rivals
Compare Ara Hovnanian with competitor CEOs and industry peers.
Cynthia M. M. Dyer
CEO of Taylor Morrison Home Corporation
2023 Compensation
Stock
$0.00
Salary
$1.08M
Bonus
$2.62M
Other
$0.00
Total Holdings
$1.17M
Phillipe Lord
CEO of Meritage Homes
2022 Compensation
Stock
$17.53M
Salary
$900.00K
Bonus
$5.63M
Other
$62.53K
Total Holdings
$33.85M
Douglas C. Yearley, Jr.
CEO of Toll Brothers
2023 Compensation
Stock
$0.00
Salary
$1.20M
Bonus
$7.80M
Other
$0.00
Total Holdings
$191.52K
Ryan R. Marshall
CEO of Pultegroup
2023 Compensation
Stock
$10.97M
Salary
$1.00M
Bonus
$4.09M
Other
$35.21K
Total Holdings
$117.80K